Announced
Completed
Synopsis
SouthWorth Capital Management, a Memphis-based family office, completed the acquisition of American Furniture Manufacturing, a vertically integrated furniture procurement, design, and contract assembly company serving the low-to-mid price furniture market. Financial terms were not disclosed. “American Furniture Manufacturing represents exactly the type of business we seek, a well-established company with strong fundamentals, experienced leadership, and significant growth potential. AFM’s vertical integration, customer-agnostic positioning, and reputation for quality make it a compelling addition to our portfolio. We are excited to partner with the management team to accelerate growth and expand the company’s market reach,” Jeff Presley, SouthWorth Capital Management Chairman and Founder.
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